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    Property profile & analytics

    1114 Hwy 1247 Somerset, KY 42503-2412

    • Retail space
    • 2,800 SF
    OFF-MARKET
    Value Estimation
    $205,000
    Location Intelligence
    Property ID
    US34-0611706
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1114 Hwy 1247

    Year built
    1970
    Construction
    WOOD FRAME
    Property size
    2,800 SF
    Property type
    Retail space
    APN
    060-6-2-43
    APU
    606243

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Pulaski
    State
    Kentucky
    Longitude
    -84.6135
    Latitude
    37.106
    CBSA code
    43700
    CBSA name
    SOMERSET, KY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $195,000
    $0.00
    $195,000
    -
    $195,000
    $0.00
    $195,000

    Comparable in this City

    • Value Estimation by Request
      6,400 SF

      12394 Hwy 39

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      12394 Hwy 39, Somerset, KY 42503-5209
      View Details
    • Value Estimation by Request
      2,513 SF

      100 Makena Dr

      Individual retail properties • 2,513 SF
      100 Makena Dr, Somerset, KY 42503
      View Details
    • Value Estimation by Request
      8,664 SF

      2264 Hwy 2227

      RETAIL STORES (PERSONAL SERVICES) • 8,664 SF
      2264 Hwy 2227, Somerset, KY 42503-7045
      View Details
    • Value Estimation by Request
      14,700 SF

      60 Hwy 2227

      RETAIL STORES (PERSONAL SERVICES) • 14,700 SF
      60 Hwy 2227, Somerset, KY 42503-1562
      View Details
    • Value Estimation
      $335,000
      13,000 SF

      2580 Hwy 2227

      RETAIL STORES (PERSONAL SERVICES) • 13,000 SF
      2580 Hwy 2227, Somerset, KY 42503-7047
      View Details
    • Value Estimation
      $185,000
      0.48 Acres

      375 Browning Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.48 Acres
      375 Browning Rd, Somerset, KY 42503-3984
      View Details

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    • Contact for pricing
      1,509 SF

      Somerset Medical Office Space

      Prime Medical Office, High Traffic Area
      25 Medpark Square Dr, Somerset, KY 42503
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    Similar Nearby for Lease

    • $2,750 /Mo
      6,000 SF

      Somerset Warehouse Space For Lease

      Versatile 6,000 sq. ft. warehouse space in prime location.
      480 University Dr, Somerset, KY 42503
      View Details
    • $1.00 SF/Yr
      2,500 SF

      Medical Space in Somerset, KY

      2,500 sq ft medical space available for rent now!
      25 Medpark Dr, Somerset, KY 42503
      View Details
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    1114 Hwy 1247
    Somerset, KY 42503-2412
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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